Reform Fever Is Catching,
And Investors Feel Better

By

Jon E. Hilsenrath Staff Reporter of The Wall Street Journal

Updated Nov. 30, 1998 12:01 a.m. ET

At a bookstore in Singapore's financial district, a book on competitiveness by Harvard University management guru Michael Porter is displayed prominently near works on Hollywood heartthrob Leonardo DiCaprio.

The showcasing of Mr. Porter hints at the change drifting through Singapore. Executives from government-linked monoliths like Keppel to more fleet-footed technology companies like Creative Technology are increasingly focused on...